Even if you have a ton of student of loans, Iíd still say figure out what you want to do even before you think about paying them back. If youíre 21, 22, spending the next few years deciding what you want to do will be more important long-term than making payments for three years. When you get out of school, itís like you have to pay your student loan or youíll go to hell. My point is to get out of that fear zone a bit.

Already had my doubts about this guy, but this quote just throws his credibility out the window.

So his financial advice is to do nothing and defer your student loan payment until you decide what you want to do? Why didn't you plan this BEFORE graduating college and accumulating those loans?

This is exactly what's wrong with our college system already, too many people get into debt up to their eyeballs for a liberal arts degree that's 100% useless, then get out of college and panic when their Starbucks job won't cover payments on their $100k student loans. How about don't fucking go to college if you have no idea what you want to do?

401k as an emergency fund could work, unless you need the emergency fund because your 401k tanked. If you don't start saving in your 20s, you most likely won't in your 30s and 40s either.

Already had my doubts about this guy, but this quote just throws his credibility out the window.

So his financial advice is to do nothing and defer your student loan payment until you decide what you want to do? Why didn't you plan this BEFORE graduating college and accumulating those loans?

This is exactly what's wrong with our college system already, too many people get into debt up to their eyeballs for a liberal arts degree that's 100% useless, then get out of college and panic when their Starbucks job won't cover payments on their $100k student loans. How about don't fucking go to college if you have no idea what you want to do?

401k as an emergency fund could work, unless you need the emergency fund because your 401k tanked. If you don't start saving in your 20s, you most likely won't in your 30s and 40s either.

While I agree with you overall, I do admire folks who get up everyday and love what they do. There is something to be said for that .On the flip side, I don't think someone should do nothing until they land the job.

Mostly I think agree with the 401k as an emergency fund to save for other items. Most people starting out doing a 401k aren't going to bank on it like a retiree would .

He's going to be popular telling people what they want to hear.
"Ohh I can get into student loan debt without worrying about it? Cool! This guy is great!"

Using a 401(k) as an emergency fund is beyond stupid to me.
EVERYONE I know that has used their 401k for anything other than retirement (loan, cash out, buying a house) Is severely behind on savings because they have none. Most are just paycheck to paycheck.
The only people that used it to their benefit cashed theirs out to start a business. I only read about those people.
(seriously though. cashing out your 401k and only getting 50%-65% of your money?! how can that be ok?)

If you want to get into real estate that's fine too. The returns are great if you buy the right place. I have one myself, the hassle of not having a property manager is getting on my nerves though.

He's going to be popular telling people what they want to hear.
"Ohh I can get into student loan debt without worrying about it? Cool! This guy is great!"

Using a 401(k) as an emergency fund is beyond stupid to me.
EVERYONE I know that has used their 401k for anything other than retirement (loan, cash out, buying a house) Is severely behind on savings because they have none. Most are just paycheck to paycheck.
The only people that used it to their benefit cashed theirs out to start a business. I only read about those people.
(seriously though. cashing out your 401k and only getting 50%-65% of your money?! how can that be ok?)

If you want to get into real estate that's fine too. The returns are great if you buy the right place. I have one myself, the hassle of not having a property manager is getting on my nerves though.

Well, an emergency fund is for just that, an emergency. I've never had to dip into mine and think that I could possibly use the money towards something more revenue generating than just in a savings account.

Now, certainly there are a lot of factors that go into that. Job security, the way that your income arrives (salary vs commission, etc).